G20 leaders to minimise impact of FED’s raising interest rates

G20 leaders to minimise impact of FED’s raising interest rates

G20 finance leaders have agreed to implement a well-calibrated, well-planned, well-communicated normalization in monetary policy to mitigate the effects of the US Federal Reserve’s interest rate hike. The agreement was reached during the second day of a meeting of G20 finance ministers and central bank governors in Jakarta, host country Indonesia.

Bank Indonesia governor Peri Varajio said developed countries should ensure that the normalization policy has only minimal impact on global financial markets and no impact on developing countries. “This is an urgently important point, so that the global economy can return to long-term growth and the scars caused by the COVID-19 pandemic can be quickly recovered,” Varzio said. The Federal Reserve recently said that the central bank would have to raise interest rates “more aggressively.”

This story is taken from a third party syndicated feed, Agencies. Mid-Day accepts no responsibility or liability for its dependability, reliability, reliability and data of text. Mid-Day Management/Mid-Day.com reserves the sole right to change, remove or remove the Content (without notice) at its sole discretion for any reason.

Kaomoji

LEAVE A REPLY

Please enter your comment!
Please enter your name here